SBA Communications reports Q2 2026 results, completes $3.5B investment grade debt offering

Filed August 3, 2026 · Period ending August 3, 2026 · ~1 min read

Key Changes

• high

  Issued inaugural $3.5B unsecured senior notes at 5.113% blended rate with 4.9-year maturity, refinancing secured debt; S&P upgraded to BBB and replaced secured revolver with $2.5B unsecured facility

  Exhibit 99.1 view on EDGAR →
• high

  Q2 2026 net income $198.8M ($1.87/share), AFFO $3.05/share; site leasing revenue up 5.1% YoY to $663.9M driven by 30.5% international growth offsetting 3.7% domestic decline

  Exhibit 99.1 view on EDGAR →
• high

  Raised FY2026 site leasing revenue guidance $2M and AFFO $1M; lowered Tower Cash Flow and Adjusted EBITDA guidance $1M each; AFFO per share guidance now $11.95-$12.40

  Exhibit 99.1 view on EDGAR →